Business, 26.06.2019 19:50, angelmeeks7979
Lucia makes sweaters in her home. starting with just some knitting needles and yarn, she was able to knit 50 sweaters per year. now some local stores have expressed interest in her designs and offered to buy her sweaters for $20 each. this makes it worthwhile for her to invest in some capital; in particular, she could produce many more sweaters if she invested in one or more looms, as shown in the following table. assume that lucia’s sweater business is a perfectly competitive firm. complete the following table by calculating the marginal physical product (mpp) of each loom and the marginal revenue product (mrp) of each loom. quantity of input output mpp of each loom mrp of each loom (looms) (sweaters per year) (sweaters) (dollars) 0 50 1 90 2 121 3 144 4 161 5 176
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 20:40, brai9206
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
Business, 22.06.2019 14:20, nataliaalejandradasi
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 20:30, Roof55
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Do you know the correct answer?
Lucia makes sweaters in her home. starting with just some knitting needles and yarn, she was able to...
Questions in other subjects:
History, 19.11.2019 15:31
Mathematics, 19.11.2019 15:31
History, 19.11.2019 15:31
Biology, 19.11.2019 15:31
